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plz help with this.. Sheridan Company reported the following information for 2017. Sheridan Company Comparative Balance Sheets December 31 Liabilities and Stockholders' Equity Accounts payable
plz help with this..
Sheridan Company reported the following information for 2017. Sheridan Company Comparative Balance Sheets December 31 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock (\$1 par) Retained earnings Totais Additional information: 1. Operating expenses include depreciation expense of $39,830 2. Land was sold at its book value for cash. 3. Cash dividends of $84,990 were declared and paid in 2017. 4. Equipment with a cost of $164,870 was purchased for cash. Equipment with a cost of $50,640 and a book value of $36,300 was sold for $34,320 cash 5. Bonds of $49,940 were redeemed at their face value for cash. 6. Common stock ( $1 par) of $171,590 was issued for cash. Use this information to prepare a statement of cash flows using the indirect method. (Show omounts that fecrease cash flow with either a - sign e.g. - 15,000 or in parenthesis eg. (15,000).) Step by Step Solution
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